OKX Banner
BTC $64,227.00 (+1.50%)
ETH $1,907.23 (+1.20%)
BNB $605.79 (+0.10%)
XRP $1.00 (+0.10%)
SOL $75.86 (+0.60%)
TRX $0.33 (-0.20%)
HYPE $58.88 (+2.80%)
DOGE $0.07 (+0.40%)
RAIN $0.01 (+3.90%)
LEO $9.41 (+0.90%)
ZEC $509.13 (+3.40%)
XMR $416.17 (+0.20%)
LINK $9.51 (+1.90%)
ADA $0.17 (-1.50%)
XLM $0.16 (+0.10%)
BCH $204.64 (+0.40%)
GRAM $1.33 (-1.70%)
CC $0.09 (-4.50%)
USDG $1.00 (+0.00%)
LTC $44.52 (-0.40%)

Pancakeswap Burns 7,024,645 CAKE Tokens This Week

Share on X icon · Published 3 years ago on August 23, 2022 · Hassan Maishera

The Pancakeswap team told its community via Twitter on Monday that it has burned 7,024,645 CAKE tokens (worth $27 million) this week.

Pancakeswap Burns 7,024,645 CAKE Tokens This Week

The Pancakeswap team told its community via Twitter on Monday that it has burned 7,024,645 CAKE tokens (worth $27 million) this week. The decentralized exchange generated $1 million (236k CAKE tokens) in trading fees for its Swap and Perpetual market and $4k (1k CAKE tokens) from its NFT marketplace. The Predictions and Lottery markets generated 114k CAKE ($436k) and 47k CAKE ($179k), respectively. 

PancakeSwap is a BNB Chain-based decentralized exchange (DEX) with an automated market maker (AMM) model for swapping BEP-20 tokens. CAKE is up by less than 1% today and is currently trading at $3.876.

Bitcoin Slips to $63,500 as Inflation Data Fails to Spark a Rally
Next article Bitcoin Slips to $63,500 as Inflation Data Fails to Spark a Rally
OKX Banner

Author

Read Hassan Maishera's articles →
Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

Editorial Standards Corrections & Retractions Policy About
Follow us on Google News
Cybet Banner
OKX Banner